PIB Group has acquired specialist professional indemnity insurance broker Pure Risks.
Founded by director, Jonathan Bogan in 2012, Bristol-based Pure Risks places PI business for financial planners, architects, engineers, chartered surveyors and other regulated and non-regulated professions.
The appointed representatives of Ten Insurance also offers a full insurance programme, placing directors’ and officers’, office insurance, and all other associated insurance covers relating to professional services firms.
The team’s presence in Bristol will give an extra boost to our regional footprint and expand our client base while providing them with access to an even broader range of products and services across PIB Group.
Carlo Marelli, PIB Group
Carlo Marelli, managing director of Southern specialty division at PIB Group, commented “I am delighted to give everyone at Pure Risks a warm welcome to PIB Group.
“Jonathan and the team’s knowledge, expertise and passion for servicing clients will be a real credit to us, and we are looking forward to having them onboard.
“The team’s presence in Bristol (pictured) will give an extra boost to our regional footprint and expand our client base while providing them with access to an even broader range of products and services across our PIB Group family.”
Bogan added: “This is an exciting step for Pure Risks as we become part of PIB Group.
“We look forward to the many opportunities ahead to leverage the expertise and scale of PIB, and bringing our complementary skills to the ongoing success of the Specialty division.
“I’d like to say a big thank you to our loyal client base, and our insurer partners for their brilliant support in making Pure Risks the business it is today.”
Most of PIB’s acquisition activity has been overseas so far this year, adding Grupo VG Europe Correduría de Seguros, Privat and Fidentia in Spain; Landmark Insurance, Halligan Insurance and McGivern Insurance Brokers in Ireland [through Campion Insurance] and Area Brokers Industria in Italy.
However, it did close the acquisition of Jigsaw Insurances Services in February.
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